I like that the personal loan product has an incentive of reducing the interest percentage by 1% each year - encourages people to make payments (keeping bad debts low) and discourages people from needing to refinance which keeps their business with Zip.
TTV increase of 40% for April is great, and a sign that they are continuing to do well despite the macroeconomic climate. Hopefully we can get some interest rate cuts in ANZ and US this quarter to help them even further.
One thing I noticed is that in NZ the Zip product (Pay In 4) isn't available everywhere and is restricted to the 3.8k merchants. This is a bit disappointing - I'd have thought it would be easy to have the similar technology available there as well enabling customers to spend anywhere.
ZIP Price at posting:
$1.74 Sentiment: Buy Disclosure: Held
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